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Message: Copper & gold comments of interest from Kitco

"Even more impressive is the fact that the commodity strategists at Bank of America have forecast copper prices will rise to as high as $5.87 per pound. Commodity analysts at the CIBC bank are also predicting tremendous price increases anticipating that copper will rise to $5.25 a pound by the end of this year or the first quarter of next year."

...

"Gold prices have also had a stellar performance over the last two months gaining roughly $197 per ounce. That represents a net gain for the last two months of 11.55%. That also represents a tremendous gain for the futures traders who were wise enough to be long gold over the last two months. Since the contract size of a Comex futures contract is 100 ounces, traders who were long over the last two months would’ve realized a profit of $19,700 per contract."

https://www.kitco.com/commentaries/2021-05-28/Both-gold-and-copper-have-had-two-months-of-stellar-performance.html

I think we are getting close to a repeat of '79/'80 when even companies having nothing more than "mining" in their names rose in value by 5-7 times their lows of 1978.  At the other end of that, of course, small companies that made discoveries during the same time saw their value rise by astronomical multiples or from 10 to 50+ times their earlier values.

 

 

 

 

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